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J Bishop & Company

J Bishop & Company

Successful retirement sale of a well known West Midlands distributor of office consumables.

MAY 2012

 

TURNOVER:  £2.8m

EMPLOYEES: 10

BUYER: Global Office Supplies Ltd

This opportunity came to us because the owner was aware of other companies we had sold in the office consumables industry. He had been running J Bishop & Co for over 40 years and was overdue a well deserved retirement.  At £1.7 million turnover, and with ten experienced staff, J  Bishop & Co was an attractive proposition to our many established contacts in the office consumables industry. The client accepted our suggestion of the following approach to finding a buyer:
 
 Direct contact with our 180 strong list of owners and directors of office consumable companies in the UK;
 
 A circular to our list of almost 3000 accountants and other professionals involved in company sales and purchases in the UK;
 
 Advertising on the Businesses For Sale website;
 
Global Office Supplies Limited saw immediately the fit with their own office stationery business. They made an offer for the trade, employees and freehold premises.  From initial instruction to legal completion the sale took just under seven months.

 

  • Date:Feb 2017

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